Tech Crunch: The history of innovation in recruitment technology and services
As the recruitment technology industry undergoes major changes this year – with the acquisitions of Monster and LinkedIn – Tech Crunch takes us through a 20-year history of the evolution of recruitment technology and services. By simplifying the recruitment value chain to finding the candidates, tracking the process and doing the process, this article describes three distinct “waves” of change that this industry has undergone – from the most simple technologies and process and increasing in complexity.
Recruitment Process Outsourcing (RPO) can be found in the “do the process” step of the recruitment value chain because a strong RPO partner will become a valued member of your recruitment team.
Excerpt from the article:
Recruitment process outsourcing (RPO) emerged as large employers realized they could get the benefits of an internal team — at lower cost — by outsourcing their entire recruiting function. Early players were acquired by incumbents — e.g. Sourceright (Randstad), TheRightThing (ADP). Today’s standalone leaders have attracted significant investment from private equity — e.g. Cielo (KKR), WilsonHCG (Frontier Capital). RPO is currently a $3-4 billion industry growing at 10 percent per annum.